Concept:A bill of exchange sold below its face value before maturity is known as a discounted bill.Explanation:The holder of a bill may need cash before the maturity date. He can sell the bill to a bank or financial institution at a lower amount. The difference between the face value and the selling price is called the discount. This discount depends on the time remaining to maturity and the prevailing interest rate. Thus, selling a bill below its face value before maturity is called discounting.Answer:D. discounted